Sunday, 25, February, 2024

The Uzbek Minister of Investment and Foreign Trade, Sardor Umurzakov hosted the Iranian Minister of Industry, Mines and Trade, Reza Rahmani Wednesday.

The Iranian Minister emphasized the important role of the North-South transport corridor in the development of trade, economic and trade exchanges between countries north of Iran, south of the Persian Gulf and North African states.

“Iran is ready to create a transit route for transporting goods from these countries to Uzbekistan without any limits whatsoever,” he said.

According to him, a rare window opportunities has opened for expanding cooperation, hoping that the 13th Cooperation Summit between Iran and Uzbekistan will be a turning point for strengthening mutual cooperation.

Rahmani said the path to boosting economic cooperation with Uzbekistan is obvious, noting that signing a Memorandum of Understanding on preferential trade will pave the way for further enhanced cooperation.

“We plan to establish a direct ties between Iran and Uzbekistan on an ongoing basis and use national currencies in financial transactions,” he said.

Rahmani arrived in Tashkent at the head of an economic delegation Wednesday.

Earlier during a recent conference in Tehran, Rahmani said that Iran, as a member state of the North-South transport corridor, will link the Caspian states with Central Asian countries to strengthen trade relations.

The North-South transport corridor is a sea, rail and road route that is expected to facilitate and accelerate trade between India, Russia, Iran, Europe and Central Asian states.

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